veenjac 51 Posted November 29, 2013 Author Share Posted November 29, 2013 I had no problem getting rid of the old 100's....I just gave them to my girlfriend. 4 Link to post Share on other sites
T.S. 783 Posted November 30, 2013 Share Posted November 30, 2013 you don't get a better rate for new bills but they can definitely refuse old ones, especially if damaged in some way as in ripped or torn, or with writing on them. $100s can get a better rate than other bills, especially the low ones in some countries like Thailand and Cambodia, though I have not noticed that in the Philippines so much. I think he was just worried about changers not recognizing the newest US $100 bill design yet vs the previous design used from 1996 until last month... not bills that are actually old and worn. Link to post Share on other sites
Josh 3 Posted November 30, 2013 Share Posted November 30, 2013 Had a few of them and no problem with exchange at the two places i went here in Cebu. In Thailand they use a machine to run the bills through so do not know IF the machines are set for the new ones however Link to post Share on other sites
tomaw 1,341 Posted November 30, 2013 Share Posted November 30, 2013 Do you get a better rate when you exchange the Philippines? Otherwise why not just do it at the bank or at the airport before you leave the US? Link to post Share on other sites
Woolf 8,550 Posted November 30, 2013 Share Posted November 30, 2013 Do you get a better rate when you exchange the Philippines? Otherwise why not just do it at the bank or at the airport before you leave the US? Well that could be a bad idea, you are allowed to bring only 10,000 PHP into the philippines you are allowed to bring in 10,000 USD Link to post Share on other sites
Scottiev 2,143 Posted November 30, 2013 Share Posted November 30, 2013 Do you get a better rate when you exchange the Philippines? Otherwise why not just do it at the bank or at the airport before you leave the US? The online rate yesterday was floating around 43.71p/$ +/- ..i got 43.69p/$ at the money exchanger , no fees , no bank rate of exchange ( my bank was barely above 42p/$ , add on the atm fee of 200p).. Airport exchangers are the WORST rates ever , surprised anyone uses them for more than taxi money exchange Link to post Share on other sites
tomaw 1,341 Posted November 30, 2013 Share Posted November 30, 2013 Thanks for that information. What about just leaving your money in your US bank and just use plastic (debit/atm)? Link to post Share on other sites
Scottiev 2,143 Posted November 30, 2013 Share Posted November 30, 2013 Thanks for that information. What about just leaving your money in your US bank and just use plastic (debit/am)? I did that the first year , then calculated how much it cost me in ATM fee's , bank exchange rates ( always was about %1.5-%2).. remit was only slightly better.. and it works better for me to bring cash as i am only here a few months a year , still have to work in the summers.... i did put a small, hidden ,fireproof safe in my GF's floor when we remodeled it so I have a safe place to keep the cash, only she and I know the combos and where its at .. i save enough on fees and such to pay for a nice weekend at a beach resort..altho if you can keep a large sum in the US bank lots of those fee's will be waived...the best way i have heard and what i will use once i live here full time is having a US$ account and a Piso account then writing a check from your US bank to be deposited in your $ account here( theres a waiting period as i understand before the funds are available) then transferring to your piso account when the exchange rates are favorable. Lots of posts about how to do it here on the forums Link to post Share on other sites
Enuff 29,737 Posted November 30, 2013 Share Posted November 30, 2013 The online rate yesterday was floating around 43.71p/$ +/- ..i got 43.69p/$ at the money exchanger , no fees , no bank rate of exchange ( my bank was barely above 42p/$ , add on the atm fee of 200p).. Airport exchangers are the WORST rates ever , surprised anyone uses them for more than taxi money exchangeWhere is that money changer? Sent from my SCH-I545 using Tapatalk Link to post Share on other sites
tomaw 1,341 Posted November 30, 2013 Share Posted November 30, 2013 I did that the first year , then calculated how much it cost me in ATM fee's , bank exchange rates ( always was about %1.5-%2).. remit was only slightly better.. and it works better for me to bring cash as i am only here a few months a year , still have to work in the summers.... i did put a small, hidden ,fireproof safe in my GF's floor when we remodeled it so I have a safe place to keep the cash, only she and I know the combos and where its at .. i save enough on fees and such to pay for a nice weekend at a beach resort..altho if you can keep a large sum in the US bank lots of those fee's will be waived...the best way i have heard and what i will use once i live here full time is having a US$ account and a Piso account then writing a check from your US bank to be deposited in your $ account here( theres a waiting period as i understand before the funds are available) then transferring to your piso account when the exchange rates are favorable. Lots of posts about how to do it here on the forums ...... Thanks for that infomation. Im thinking along those same lines for semi-retirement. Link to post Share on other sites
Scottiev 2,143 Posted December 1, 2013 Share Posted December 1, 2013 Where is that money changer? Sent from my SCH-I545 using Tapatalk I use the one in Park Mall, its a little booth and they are always pretty close to the online rates.. And no paper work !! hand them the $$ and get pisos back , quick and easy Link to post Share on other sites
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